Tue, Nov 10 2009
|
|
Published February 19, 2008 03:04 pm - A proposal for the city to pay an extra $950,000 into the Police and Firemen’s Pension Fund and to change benefits for new employees is a step in the right direction toward correcting underfunding of the plan, the board’s attorney said Tuesday. 2:00 p.m. Pension board to consider proposal to shore up planA proposal for the city to pay an extra $950,000 into the Police and Firemen’s Pension Fund and to change benefits for new employees is a step in the right direction toward correcting underfunding of the plan, the board’s attorney said Tuesday.
City Manager Mark Rohr made the proposal at a meeting of the board attended by a number of firefighters and police officers whose retirement savings and benefits are covered by the plan. The city is trying to avert the potential of a lawsuit over underfunding, which Dan Tobben of St. Louis, an attorney for the board, has said could be brought for at least $2 million of the plan’s $16 million shortfall. Rohr put together a committee of police officers, firefighters and city staff that studied the issues in a series of meetings starting in November and recommended a plan that would leave benefits the same for current employees but change the benefits offered to new hires if the plan’s members and the City Council agreed on its adoption. Tobben told those at the meeting that the proposal that was advanced is a start toward making the plan solvent. For more on the issue, see Wednesday editions of The Globe. 
![comment on this story](http://community.cnhi.com/eve/ubb.x?a=dl&f=55410432
&x_id=local_story_050150405.html&x_subject=<img+src="http://www.joplinglobeonline.com/images/zope/policeandfire.gif"+border=0+>++2:00+p.m.++Pension+board+to+consider+proposal+to+shore+up+plan&x_link=http://www.joplinglobe.com/local/local_story_050150405.html)
•
Click to discuss this story with other readers on our forums.
More from the Local News section
Neighborhood, city officials look for way to install sewer system Miami residents facing utility rate hikes Joplin council tabs fire station architect County, city health departments schedule next H1N1 vaccine clinic |
Print this story
E-mail this story
Post to del.icio.us
 |
 |
: Special Offer For New Subscribers :
 |
||||||||
|
||||||||
 |
|
|
Published by Newspaper Holding, Inc. 117 East Fourth Street, Joplin, MO 64801 Using our site is your agreement to the terms and conditions. News: news@joplinglobe.com • (417)623-3480 Advertise with the Joplin Globe Copyright © 2006 The Joplin Globe, Joplin, MO All rights reserved. 
|
Popular Business directory links - Joplin Apartments | Joplin Attorneys | Joplin Auto Dealers | Joplin Auto Parts | Joplin Auto Repair | Joplin Beauty Salons | Joplin Car Rental | Joplin Dentists | Joplin Doctors | Joplin Flowers | Joplin Hotels | Joplin Insurance | Joplin Loans | Joplin Mortgages | Joplin Movers | Joplin Pizza | Joplin Realtors | Joplin Restaurants | Joplin Storage | Joplin Tax Preparation | Joplin Travel | Joplin Featured | More...
|
|
Community Newspaper Holdings, Inc. • CNHI Classified Advertising Network • CNHI News Service |
![Add a comment on this story](http://www.joplinglobeonline.com/zope/add_comment.php?section_id=local&story_id=local_story_050150405.html&headline=<img src="http://www.joplinglobeonline.com/images/zope/policeandfire.gif" border=0 > 2:00 p.m. Pension board to consider proposal to shore up plan&portal_url=http://www.joplinglobe.com&portal=joplinglobe){kind=link}